Owning a home is a big investment and a lot of responsibility. An important part of home ownership is getting insurance that will cover your investment and give you peace of mind. However, not all forms of home insurance provide the same coverage. More specifically, if you own a home built recently, you may be looking for slightly different coverage in the form of new home insurance.
Usually intended to provide coverage for homes built within the last year or two, new home insurance differs in subtle but important ways from other forms of home insurance. Standard coverage for most forms of home insurance includes things like the possessions in your home, temporary living expenses, injuries that occur on your property, and more. New home insurance has similarities to standard insurance, but the financial payout from new home insurance is for rebuilding or repairing the home.
It’s also important to note that among the various different forms of home insurance, subtle differences in policy type can drastically change the coverage you receive. For example, “new home insurance” and “new construction home insurance” sound similar but offer different coverage. New home insurance is for newly completed homes, whereas new construction home insurance covers homes currently being constructed or renovated.
If you’re looking to protect your newly constructed home, new home insurance helps safeguard your investment. Navigating different policies and providers may seem daunting, but our experienced insurance agents can help you understand your options and point you in the direction of plans that are best for you. To schedule an in-person appointment or to get more information about new home insurance, contact us at Curtis Helm Insurance today!